How the Mortgage Loan Process Works

There's quite a lot involved in oder to get a mortgage. You would not be researching mortgage loans if it were possible to get a mortgage loan in one day by filling out a simple application. We do the heavy lifting for you, so you can concentrate on what's important — preparing to move into your new home or saving money.

Getting a mortgage loan involves four major steps.

Step one: Decide how much you can afford

A couple of factors determine this amount. What kind of monthly payment are you looking for? What is the maximum you can borrow from a lender, given your income and credit history? Use the calculators on our website to determine your monthly payment amount. And we can guide you to the right loan amount and best program for you when you answer a few quewstions. Because lender guidelines are fairly standard, we can give you a good idea of how much you can borrow after a short conversation.

Step two: pre-qualify for your loan

This step is where 1st Credential Mortgage Inc can start to save you money. You will supply details about your current job, your assets, and your residence history. You'll give us information on your employment, asset, and residence history. We will pull get your credit report and score (with your permission, of course). After we've finished reviewing this information, we'll give you a pre-qualificaiton letter. Handle it with care — it is a useful tool when you make your offer! Your REALTOR® will likely use the pre-qual (as they may call it) to make the best offer on the home you choose. The pre-qual letter gives you buying clout! While you're shopping for a new home with your agent, we find the best program for you.

Step three: apply now! We make it easy

Once you've made an offer and it's been accepted, it's time to apply for the loan. It's very easy, and you can do it online, right here on our site. When the time is right, we'll order the appraisal of your new home.

Step four: your loan is funded

Your real estate agent and the seller's will work together to find a title company to handle the funding of your loan. We'll work with this company to ensure the papers your lender requires are in order, and you will probably}likely sign all these papers at their officeWe work with with the title company on your date to close. Since you will not have to coordinate this process, you get to concentrate on moving, if you're going to repaint, carpet, and the details involved in moving into a new home.

You've answered a few questions, given us lots of information, applied online, and Before you know it, you're moving! 1st Credential Mortgage Inc is in the business of mortgage loans; you're not — so we do the work. Makes sense, doesn't it??

Have questions about the loan process? Call 1st Credential Mortgage Inc at (281) 778-0805. It's our job to answer lending questions, so we're happy to help!

Basic Pre-Approval

Get the Best Mortgage Rate! Tell us a little about your current needs and we can use that information to match you with just the right loan.

Tell us about your loan needs.
How can we get in touch with you?
Tell us about your credit history.